On March 28th, it was reported that CATL is currently in talks with General Motors to cooperate on the LRS (License Royalty Service) model and plans to jointly build a lithium iron phosphate power battery factory in North America. In the current plan, the planned annual production capacity of the factory is not lower than the factory jointly built by CATL and Ford. The location of the cooperative factory between CATL and General Motors may be in the United States or Mexico.